How to explain blockchain/Bitcoin to millennials

[xWolfx]

Hi, I'm not new to bitcoin & blockchain and I'm a full time trader with quite a little knowledge on tech background. I do trade cryptocurrency coins and studied a lot on blockchain technology. But I have a question, I always stumbled across this in my mind when people ask me why blockchain is the future, why should you care and buy?  Anybody can give me some tips and answer for this?

Would appreciate it.

Do you have people that ask you that?. You are surrounded of pretty interesting people, unlike me.

You can give two explanations, the short one and the long one. If you give the long one you will probably lose them very quick, since the attention span this days is pretty short. And believe me, you are really lucky for that.

It is simply a much more secure and transparent way to send information in a virtual or electronic way, that will make processes in the future a lot more effective across different industries.

Because to be honest, nobody can truly imagine all the different implementations this technology will have in the future.

[1715005228]

1715005228

[uneng]

But I have a question, I always stumbled across this in my mind when people ask me why blockchain is the future, why should you care and buy?  Anybody can give me some tips and answer for this?

Blockchain brings a new concept of financial system to the world. It represents a new kind of organization, where there isn't a central authority or institution behind the currencies controlling them. In other words, it could be the evolution of the financial system, so you should care for it.
Furthermore, blockchain is awaking the interest of all kinds of people, so there are big chances it will be implemented in different areas of our societies.

And you should buy bitcoins because it's a serious currency that has already conquered the market. In more than 10 years many haters told it was a ponzi, a bubble and that it was going to die, but in fact, bitcoin did rightly the opposite and came back stronger than ever.
As was said, bitcoin is a great investment and its main potential is on long run, so it can be a precious opportunity, like it was for those who started using btc on the early years.

[hatshepsut93]

Hi, I'm not new to bitcoin & blockchain and I'm a full time trader with quite a little knowledge on tech background. I do trade cryptocurrency coins and studied a lot on blockchain technology. But I have a question, I always stumbled across this in my mind when people ask me why blockchain is the future, why should you care and buy?  Anybody can give me some tips and answer for this?

Would appreciate it.

I think the fact that you can't easily answer the question "why blockchain is the future" is already a signal that maybe blockchain isn't actually as great as the people who sell it are claiming. You could answer this question with the typical blockchain-salesman mantra that blockchain is exciting technology adopted by all big companies and will soon™ change the world, but would it actually be the truth? Blockchain didn't do anything since it started getting hyped 3 years ago, you always see rumors and statements how it will be used, but not reports of someone already using it and getting huge positive results from it. 

[Chikitita2004]

Hi, I'm not new to bitcoin & blockchain and I'm a full time trader with quite a little knowledge on tech background. I do trade cryptocurrency coins and studied a lot on blockchain technology. But I have a question, I always stumbled across this in my mind when people ask me why blockchain is the future, why should you care and buy?  Anybody can give me some tips and answer for this?

Would appreciate it.

Tell them it's the new bank where you control your own funds. Tell them the blockchain technology records all transactions and can be viewed by anyone across the globe as long as they have internet access. Tell them that with the blockchain technology, a lot of new things can happen and it's trending and it is the future money. A few simple words. They don't understand the entire thing but give them the simplest form of explanation.

Yes, Hoping for this answer! But can you explain to me why blockchain will be the future and how will it change the world. Why people think that the funds will flow into blockchain.

If someone is really interested to find out and know, you can just take a piece of paper and a pen and make a diagram of how blockchain works, how transactions are recorded, and where do money goes and stop and so on and so forth. I think only children will need this kind of explanations because someone of a right age and with enough understanding will not find it hard to understand even if you just define it to them and use examples. Besides, sources of informations about it are everywhere in the internet, newspapers, social medias etc.

[Micerker]

Any economic platform changes, and moves in the future. Blockchain will be the foundation to change the trend and movement of the economy in the future. FIAT is becoming troublesome because you protect it safely through safes or banks. With Blockchain, you can protect your money and use it anywhere with an internet connection.

[Pamadar]

Any economic platform changes, and moves in the future. Blockchain will be the foundation to change the trend and movement of the economy in the future. FIAT is becoming troublesome because you protect it safely through safes or banks. With Blockchain, you can protect your money and use it anywhere with an internet connection.

That's added some points answering why we can believe that blockchain can be useful, having your wallet as your main banking system, if adoptions happened you can use the system anywhere,  transactions will be done as easy as that, if we need to explain things like this with people who really wants to learn, it will be much easier to show them existing system that will be more helpful in their generation onwards.

[FullofAlba]

Hi, I'm not new to bitcoin & blockchain and I'm a full time trader with quite a little knowledge on tech background. I do trade cryptocurrency coins and studied a lot on blockchain technology. But I have a question, I always stumbled across this in my mind when people ask me why blockchain is the future, why should you care and buy?  Anybody can give me some tips and answer for this?

Would appreciate it.

You could always present BTC & Blockchain to millenials as a form of meme that's being viral and make them feel like if they aren't hooked then they aren't "cool" enough. Petty but works. Coz if you bombard millenials with jargons only day traders and real traders use, then you will bore the hell out of them for sure

[Reid]

Ain't swiping a barcode not a futuristic thing to them? 

If we are talking about millennials as you say it, they should be the one who should understand that first.
They love tinkering the internet and also android applications. They could have stumbled with a good application that may have something to do with payments and just swiping it.

No need to go thru explaining the whole blockchain. Let them dig it after introducing the basics of bitcoin.

[kawetsriyanto]

In my opinion, the right way to answer their question is by understanding first about what they think about Blockchain and cryptocurrency. Well, commonly the people will have their thought because of the issues and news from the media. Here, you need to give certain easy clarification about the issues.
Just explain the simple about Blockchain technology where you can apply this to many sectors, not only cryptocurrency, it is for the financial system, banking, health, education, and others, including gaming.
Moreover, many people will be interested in Blockchain or Bitcoin when they have been seeing the success of you. Just do your best and they will see the successful person like you in crypto, especially Bitcoin.

[Moiyah]

Since Millennials are open from new technologies, it is not hard for them to easy understant what bitcoin is. We are in the 21st century where new and high technology is being introduced. You can simply say bitcoin is a digital money where you can keep on your own wallet and can be used as a digital payments without the need of the third party involvement.

[Johnzky]

My nephew is a millennial and I can see that he is interested about blockchain and bitcoin,but I am curious if He’s just being attracted seeing me gaining and profiting from this or he was really into technology

What I am doing is to tell him the importance of the technology behind this and what is the purpose of Satoshi creating this for the future,actually this is more on for the millennials than older generations,because they will be the one to benefits this in the future process than us

[Cacingkemi]

The simplest answer that you have to say might be like this, blockchain is an industry that is very friendly dude and has a strong community in all corners of the world and BTC is the key to the success of the cryptocurrencies industry which is basically profitable investment in BTC. That alone is enough if there are more questions you have to tell the truth without exaggerating the reality.

[Cuk0ng_bitc0in]

I thought.  Today's millennial generation is easier to accept change.  specifically technological change.  enough we only explain to them about theory and practice.  then some time, we must guide them.

[krewbfu]

Investing in the cryptocurrency market attracts millennials more likely because investing in a "familiar" is easier than trusting abstractions (stock market). Speaking about the familiar, I mean that young people are attracted to projects, attracts the history of Bitcoin, which, as if by magic, appeared on the market and rapidly became popular. The stock market plays by the well-known rules, and the cryptocurrency works as a kind of gambling bait

[fitzhgu]

Millenials do not trust banking systems. Repeatedly, banks became the initiators of currency manipulation. While blockchain technology builds relationships according to the principles of openness. In addition, possession of Bitcoin or any other cryptocurrency allows you to immediately find their use. and what can shares? you only get income from them, but you can’t reinvest it

[kreatge]

All people will not mind to get extra money without much effort. And just so many newbies are looking at cryptocurrency, thinking that this is a quick money. But the truth is that this industry, like any financial market, requires training. I spent more than one month taking educational courses in binance and taklimakan to understand how best to start trading. We live in an age of high speeds and time is precious. But I'm glad I spent my time, because I know the work to pay off soon. And it is the blockchain technology that gives me this opportunity. So I will trust the cryptocurrency market more than the stock market

[derymakrt]

All people will not mind to get extra money without much effort. And just so many newbies are looking at cryptocurrency, thinking that this is a quick money. But the truth is that this industry, like any financial market, requires training. I spent more than one month taking educational courses in binance and taklimakan to understand how best to start trading. We live in an age of high speeds and time is precious. But I'm glad I spent my time, because I know the work to pay off soon. And it is the blockchain technology that gives me this opportunity. So I will trust the cryptocurrency market more than the stock market

The reason for the popularity of cryptocurrency among millenials  is that they allow you to make small investments. In cryptocurrency we should only that amount which we could afford to loose. And less fear of loss, people are more willing to invest in the crypto market.

[lpoondy]

All people will not mind to get extra money without much effort. And just so many newbies are looking at cryptocurrency, thinking that this is a quick money. But the truth is that this industry, like any financial market, requires training. I spent more than one month taking educational courses in binance and taklimakan to understand how best to start trading. We live in an age of high speeds and time is precious. But I'm glad I spent my time, because I know the work to pay off soon. And it is the blockchain technology that gives me this opportunity. So I will trust the cryptocurrency market more than the stock market

The reason for the popularity of cryptocurrency among millenials  is that they allow you to make small investments. In cryptocurrency we should only that amount which we could afford to loose. And less fear of loss, people are more willing to invest in the crypto market.

The stock market fluctuates, but how rapidly the situation in the cryptocurrency market is changing is an amazing phenomenon that can generate very high returns in a relatively short period of time. If you know how to behave in the market

[waynechong1995]

I would say its a sidekick of existing monetary system, you have an centralized government that prints money, circulate for economy and welfare of humanity. Comprehensive yet flawed in some context, privacy is not great, yet accustomed to PEOPLE. Blockchain and bitcoin is the other hand does the opposite, not necessarily better but its a inevitable invention.Both are equally important and while most of the youngster did know about internet, its easy to explain the same distributed way of verifying transactions

[Nolimitz84]

In view of the rapid development of technology,it is blockchain technology that will help speed up the automation of many processes and simplify the work with documents.The range of applications of this technology is very large.